Ralph Company provided the following information for the year 2020:

	Dec 31,2020	Dec 31,2019
Current Asset	?	70,000
Fixed Asset	400,000	280,000
Current Liabilities	30,000	?
Non-current Liabilities	?	100,000

Additional information: Working capital of P60,000 remained unchanged. Profit for 2020 was P40,000. No dividends were declared during 2020 and there were no other changes in shareholders equity.

As of December 31, 2020, determine the amount of: A B C D 1. Shareholders equity A.240,000 B.250,000 C.280,000 D. 350,000 2. Current assets A.30,000 B.45,000 C.60,000 D.90,000 3. Non-current liabilities A. 130,000 B. 180,000 C. 210,000 D. 240,000 SHOW SOLUTION